Finance Committee

City Hall - 2nd Floor City of Aurora Council Chambers 44 East Downer Place Aurora, IL Finance Committee Meeting Minutes - Final Thursday June 30, 2022 3:00 PM Chairperson Carl Franco Vice Chair Sherman Jenkins Alderwoman Shweta Baid Alderman Edward J. Bugg Alderwoman Scheketa Hart-Burns Members of the public wishing to provide public comment for this meeting must be physically present at the meeting and registered to speak prior to the meeting being called to order. Please contact the Aldermen’s office at (630) 256-3020 with questions. CALL TO ORDER Chairperson Carl Franco called the meeting to order at 3:02 p.m. ROLL CALL Present: 5 - Chairperson Carl Franco, Vice Chair Sherman Jenkins, Alderwoman Shweta Baid, Alderman Edward Bugg and Alderwoman Scheketa Hart-Burns APPROVAL OF MINUTES 22-0499 Approval of the minutes of the Finance Committee meeting held on June 16, 2022. A motion was made by Vice Chair Jenkins, seconded by Alderwoman Hart-Burns, that the minutes be accepted and filed. The motion carried. Ayes: 5 PUBLIC COMMENT None AGENDA City of Aurora Page 1 Finance Committee Meeting Minutes - Final June 30, 2022 22-0498 An Ordinance Deleting Certain Property from the Redevelopment Project Area for the City of Aurora Downtown Tax Increment Financing District No.1. Presented by Trevor Dick, Economic Development. A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0500 An Ordinance Deleting Certain Property from the Redevelopment Project Area for the City of Aurora Downtown Tax Increment Financing District No.6. Presented by Trevor Dick, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0518 An Ordinance Amending The Annual Budget For The Fiscal Year Beginning January 1, 2022 and Ending December 31, 2022 (Amendment #1 For The 2022 Fiscal Year). Presented by Stacey Peterson, Director, Financial Operations; Ken Schroth, Public Works; Alex Alexandrou, Mayor's Office; Chris Ragona, Community Development; Tim Weidner, Engineering, Trevor Dick, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0472 A Resolution requesting authorization to remodel the City's Public Safety Answering Point (PSAP) and Backup Communications Center (BCC) utilizing several firms in an amount not to exceed $1,300,531.50 with a 3% contingency, for a total award of $1,339,547.45 . Presented by Paris Lewbel, APD Media and Jacqueline Hobday, Director, 911 Center. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 City of Aurora Page 2 Finance Committee Meeting Minutes - Final June 30, 2022 22-0511 A Resolution Awarding the Illinois Avenue at Randall Road and Elmwood Drive Traffic Signal Modernization project (MFT section no. 21-00345-00-TL) construction to the low bidder, H & H Electric Company of Franklin Park, IL, for the amount of $627,604.56 and the appropriation of Motor Fuel Tax (MFT) funds). Presented by Roopa Anjanappa, Engineering. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0517 A Resolution authorizing the renewal of the Line of Credit (LOC) in the amount of $15 million with Fifth-Third Bank for a one-year term expiring on July 22, 2023. Presented by Stacey Peterson, Director, Financial Operations. A motion was made by Vice Chair Jenkins, seconded by Alderwoman Baid, that this agenda item be recommended for approval. The motion carried. Ayes: 5 CLOSED SESSION ADJOURNMENT A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this meeting be adjourned. The motion carried. Chairperson Carl Franco adjourned the meeting at 3:59 p.m. Ayes: 5 THIS MEETING AGENDA SHALL ALSO SERVE AS NOTICE THAT A MAJORITY OF A QUORUM OF THE CITY COUNCIL OF THE CITY OF AURORA, ILLINOIS MAY ATTEND OR PARTICIPATE IN THIS COMMITTEE MEETING. NO OFFICIAL ACTION OF THE CITY COUNCIL SHALL OCCUR AT THIS COMMITTEE MEETING. MINUTES OF THE COMMITTEE MEETING SHALL CONSTITUTE THE OFFICIAL RECORD OF THE COMMITTEE MEETING AND ANY MEETING OF THE MAJORITY OF THE QUORUM OF THE CITY COUNCIL OCCURRING AT THE SAME TIME AND LOCATION. VISIT OUR WEB SITE FOR CURRENT AGENDAS - https://www.aurora-il.org/985/City-Council-Agendas-Minutes City of Aurora Page 3 Finance Committee Meeting Minutes - Final June 30, 2022 Any individual with a disability requesting a reasonable accommodation in order to participate in a public meeting should contact the Aldermen's Office at least 48 hours in advance of the scheduled meeting. The Aldermen's Office can be reached in person at 60 E. Downer Place, Aurora Illinois, via telephone at 630-256-3020 or email at aldermensoffice@aurora-il.org. Every effort will be made to allow for meeting participation. City of Aurora Page 4